On December 14, the Legal Department of NIO announced that at the end of November, multiple online accounts posted, disseminated, and spread capital market-related rumors that had a severe negative impact on the company on various social media platforms such as Weibo, Douyin, and WeChat. The company reported it to the police immediately. After thorough investigations by multiple public security agencies, it was determined that the rumors originated from a certain online account holder, Mr. Xie, who intentionally fabricated the rumors, and employees of a certain auto brand, Mr. Chen and Mr. Pei, maliciously spread them. The public security organs have imposed administrative detention and other penalties on the aforementioned individuals according to the law. Due to the widespread diffusion of these malicious rumors, the NIO brand has suffered extremely adverse negative impacts. Recently, NIO has filed a civil lawsuit against Mr. Xie, Mr. Pei, and Mr. Chen, demanding that they publicly apologize for their actions of fabricating and disseminating related malicious rumors and compensate NIO for its economic losses. The court has formally accepted the case. The internet is not a lawless place; malicious rumors and spreading rumors are illegal acts, and the relevant individuals should bear legal responsibility for their unlawful actions. For all actions that infringe upon NIO's lawful rights and interests, NIO will take legal measures to protect its legitimate rights and interests.